INDOS Financial Limited (“INDOS”), the independent UK depositary, has been appointed as depositary by Sure Ventures PLC (“SVP”), a venture capital fund that commenced trading on the Specialist Fund Segment of the London Stock Exchange on 19 January 2018.
SVP will invest in early stage software companies in the rapidly growing Financial Technology (‘FinTech’), Augmented Reality (‘AR’), Virtual Reality (‘VR’), and Internet of Things (‘IoT’) sectors.
Bill Prew, CEO of INDOS, said “We are delighted to have been appointed as depositary by Sure Ventures PLC. The appointment leverages our expertise as an independent depositary across a number of disciplines, including private equity/ venture capital strategies, and UK listed fund vehicles.”
Toby Raincock, CEO of Shard Capital AIFM LLP, SVP’s Alternative Investment Fund Manager, commented “We selected INDOS because we sought a depositary that would work independently alongside the fund’s other service providers and possessed the necessary full depositary regulatory status to support the fund’s strategy. The team was professional and pro-active throughout the fund set-up process and we look forward to working with them in the future.”
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For more information please contact:
Bill Prew, CEO, INDOS Financial Limited +44 (0) 203 319 1590
Simon Rostron, Rostron Parry +44 (0) 7802 292 252
About INDOS Financial (www.indosgroup.com)
INDOS Financial specialises in providing independent AIFMD depositary services to alternative investment funds. INDOS was the first FCA authorised AIFMD Depositary in January 2014. Clients include EU and non-EU managers managing a broad range of open and closed ended alternative investment fund strategies ranging from hedge funds, to private equity, real estate and other closed ended funds such as UK investment trusts. The firm holds regulatory permissions to undertake both depositary-lite and full depositary business. INDOS’ team of experienced staff utilises its own proprietary DEPOcheckTM system, an integrated workflow management and automated monitoring solution to deliver efficient solutions to its clients. INDOS has been recognised as Best Depositary Solution for two consecutive years in the 2016 and 2017 HFM Service Awards.